Tom Flanagan: A more promising path out of poverty for remote Indigenous communities – Financial Post

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Tom Flanagan: A more promising path out of poverty for remote Indigenous communities – Financial Post

by ahnationtalk on January 26, 202115 Views

The biggest single problem facing First Nations is lack of economic opportunity

Jan 26, 2021

From the fiscal crisis of the mid-1990s to the end of Stephen Harper’s Conservative government in 2015, federal spending on Indigenous programs grew at a compound annual rate of 2.5 per cent in inflation-adjusted dollars. In the name of reconciliation, the Trudeau government has more than doubled that rate of increase since 2015.

In fact, federal budgets project a total increase of at least 50 per cent from fiscal year 2015-16 to 2021-22. As outlined in my new study published by the Fraser Institute, spending totals from the “main estimates” and the public accounts suggest that actual increases in Indigenous spending are even higher than budgetary projections. Indigenous spending is now the federal government’s second-largest operating program expense (that is, a program that performs functions other than transferring money) behind only national defence.

Read More: https://financialpost.com/opinion/tom-flanagan-a-more-promising-path-out-of-poverty-for-remote-indigenous-communities

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